RBC Capital Reiterates Sector Perform on ConAgra Foods (CAG) Following 1Q16 EPS Beat
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ConAgra Foods Comparable Q1 EPS Exceeds Expectations; Strong Margin Expansion in Consumer, Commercial Segments; Implementing Strategic Plan; Divestiture of Private Label on Track
September 22, 2015 7:30 AM EDTOMAHA, Neb.--(BUSINESS WIRE)-- Today ConAgra Foods, Inc., (NYSE: CAG) reported results for the fiscal 2016 first quarter ended August 30, 2015.
Highlights (% cited indicates change vs. year-ago amounts, where applicable. SG&A refers to selling, general, and administrative expense, and COGS refers to cost of goods sold)
Diluted EPS from continuing operations as reported was $0.38, compared to $0.22 in the year-ago period. After adjusting for items impacting comparability, diluted comparable EPS of $0.45 this quarter exceeded $0.39 in the year-ago period.... More